Smart Grid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 –
115 Page Report
Smart Grid Market is Expected to Reach USD 118.12 billion in
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Smart Grid Market
According to a new market report published by Transparency Market Research “Smart Grid Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” global smart grid market was
valued at USD 37.7 billion in 2012 and is expected to reach 118.1 billion in 2019, growing at a CAGR of
18.2% from 2013 to 2019.
Unbalanced nature of demand of power supplemented by increasing transmission and distribution losses
coupled with policy and regulation for smart grid are expected to bolster the demand for the global smart
grid market. Additionally, increasing need of reliable, secure, and quality of power supply and the
increased efficiency achieved through the grid optimization is anticipated to augment the demand for the
global smart grid market. Lack of interoperability and open standards can hamper the growth in the
market. However, emerging option of prepayment of electricity with the deployment of advanced metering
infrastructure is expected to offset the growth restraints, and further boost the growth in the global smart
Browse the full Smart Grid Market report at
Key technology analyzed in this market study includes: advanced metering infrastructure, distribution
automation, software and hardware, communication technologies, transmission upgrades, and cyber
security. Transmission upgrades held a majority of the global market share...